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VNĐ weakens sharply against key currencies

VNĐ weakens sharply against key currencies

Not only has the đồng depreciated against the euro, it has also weakened sharply against many other key currencies such as the yen (11 per cent), pound (11 per cent) and Australian dollar (7 per cent).
New electronic invoice policy helps household businesses access bank credit more easily

New electronic invoice policy helps household businesses access bank credit more easily

According to Decree 70/2025/NĐ-CP on invoices and documents, household businesses are required to issue electronic invoices when selling goods.
Overnight interbank interest rate hits 16-month low thanks to abundant liquidity

Overnight interbank interest rate hits 16-month low thanks to abundant liquidity

According to data from the US Federal Reserve’s New York branch, the gap between the US secured overnight financing rate (SOFR) and the Việt Nam’s overnight interest rate on June 18 was 2.28 percentage points.
Banks with high proportion of retail loans expect to benefit from law change

Banks with high proportion of retail loans expect to benefit from law change

The Law on Credit Institutions is proposed to be amended to include some provisions of Resolution No 42/2017/QH14 on piloting bank bad debt settlement.
Bank deposits reach record high despite low interest rates

Bank deposits reach record high despite low interest rates

A notable driver was the continued surge in individual deposits, which hit a record high of nearly VNĐ7.5 quadrillion, up 5.73 per cent since the beginning of the year.
Insurance companies anticipate growth in 2025

Insurance companies anticipate growth in 2025

The insurance market is showing signs of recovery after a period of turmoil.
Micro, small businesses still face difficulties to access loans despite high credit growth

Micro, small businesses still face difficulties to access loans despite high credit growth

According to data from the State Bank of Vietnam, bank credit in the first five months of this year increased by 6.52 per cent to exceed VNĐ16.6 quadrillion. This was a record increase in credit in the first five months of...
Banks bond issuance soars threefold in first five months

Banks' bond issuance soars threefold in first five months

During this period, bank bonds constituted 67.1 per cent of the total issuances, overshadowing the real estate sector, which accounted for only 20.8 per cent.
Govt directs the central bank to expand credit growth target

Gov’t directs the central bank to expand credit growth target

One of the key programmes being promoted is a credit package of VNĐ100 trillion for the agriculture, forestry and fishery sectors.
Banks race to expand payment agents

Banks race to expand payment agents

The payment agent model not only benefits banks and customers but also brings positive impacts to banks'' partners by indirectly providing additional financial services to help diversify the products and services that these retailers provide.
Green finance criteria needed to hit net-zero goal

Green finance criteria needed to hit net-zero goal

The transition from a ‘brown’ to a ‘green’ economy is not an easy task, as to reach the net zero goal by 2050, Việt Nam needs a huge capital of nearly US$360 billion.
Banking industry accelerates towards smart digital ecosystem

Banking industry accelerates towards smart digital ecosystem

The Director of the SBV’s Payment Department, Phạm Anh Tuấn, said that, after four years of implementation, the digital transformation of the banking sector has achieved encouraging results
New regulations on bank asset management companies to be issued

New regulations on bank asset management companies to be issued

According to the SBV, it has finalised a draft circular regulating the activities of subsidiaries and affiliates of credit institutions involved in debt management and asset exploitation, which will shortly be open for public comments.
Banking sector steps up action plan to boost green credit

Banking sector steps up action plan to boost green credit

SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."